Connect with us

Top News

War benefits Portuguese tourism sector

Published

on

Componentes automóveis: a luz ao fundo do túnel?

October’s Business Environment – Business Brief highlights the clear performance of goods and services in terms of international trade performance.

Portuguese merchandise exports are growing at a higher-than-expected nominal rate between January and September (annual growth rate, tvh, 25.6%, even more than the 18.3% recovery recorded for 2021 as a whole ; INE data and AEP calculations), given the difficult military situation in Europe.

If, in terms of the balance of trade, the war in Europe has benefited services (through tourism) and hurt goods, the effect may start to wane in 2023 if the economic downturn abroad reduces the influx of tourists to Portugal and/or the average cost per tourist to a complete reversal, when the desired end of the war comes, which, unfortunately, is no longer foreseen.

The contribution to this progression varies in terms of products (and related sectors), with a focus on fuels and mineral oils (84.7% hvr, contributing 5.1 percentage points, pp, to 25.6% of world exports). , Wood, cork, pulp and paper (33.8% and 2.5 p.p.), Chemical industry (41.4% and 2.5 p.p.), Metals (26.4% and 2.4 p.p.), machinery and equipment (15.9% and 2.3 p.p.), vegetable products and fats (31.4% and 2.1 p.p.), transport materials (13.7% and 1.8 p.p.) and plastics and rubber (20.2% and 1.6 p.p.), while only contributions above 1 p.p. are taken into account. product groups.

However, we should not forget that the import of goods in nominal terms increased even more (36.7% tvh compared to September, with a contribution of 13.5 percentage points from the Fuel and Oil Products group, where tvh amounted to 123.6%), ahead of a significant deterioration in the balance of trade in goods (deterioration of the deficit by 9.8 billion euros, million euros, to 22.6 thousand in 2021 as a whole).

See also  The 'Never Trump' movement returns for Round II, armed with the President's own words and notes

According to the latest data from the Bank of Portugal, exports of services show even more nominal growth than goods (79% tvh between January and August), with travel and tourism (155.6%) being the dominant contributor. considering also its prevailing weight and higher dynamics than other rubrics, which have benefited from the image of Portugal as a safe destination, far from the place of war. However, in the case of services, imports have a lower value than exports, and growth was much lower (41.8% before August), which means that the surplus in the balance of services is increasing, which is contrary to the unfavorable evolution of goods.

It should also be noted that the dynamics of exports is noticeable even in real terms (at constant prices), without taking into account the impact of inflation, taking into account the most recent national accounts data, up to the 2nd quarter. World exports in volume terms increased by 18.6% year on year in the 1st half of the year as a whole, with variations of 10.2% for goods and 41.0% for services.

Envolvente Empresarial – Síntese de Conjuntura is a monthly publication with key data and indicators of economic activity developed jointly by AEP, AIP and CIP. It includes two reissues of the indicators, one for Portugal and one for the Eurozone.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News

Dictionary of Medieval Portuguese

Published

on

Dictionary of Medieval Portuguese

It will take place today (28-11) at 18:00 at the Leia Buholz bookstore (Lisbon), Dictionary of Medieval Portuguese (DLPM), the result of a project developed between 2004 and 2007 at the Center for Linguistics of the University of Nova de Lisboa (UNL) and coordinated by João Malaca Castelleiro (University of Lisbon – ULisboa), Maria Francisco Xavier (UNL), both deceased, and Maria de Lourdes Crispim, former professor at UNL. The work, published in July this year, has been approved by the editors of Caminho.

DLPM records and describes vocabulary covering the period between the 19th and 19th centuries. XII and the beginning of the century. XVI, i.e. it is integrated into the so-called pre-literary (until about the end of the 12th century), Galician-Portuguese or ancient (until 1385/1420) and preclassical or middle (until 1536/1550) Portuguese periods. The periodization of Portuguese also includes Classical Portuguese (16th to 18th century) and Modern Portuguese (19th century to the present day).

See also  Trudeau attacked Chinese 'political' detention of two Canadians, when prison letters sent from Beijing were issued

Continue Reading

Top News

“Lionel Messi is not an Argentine, Cristiano Ronaldo is not a Portuguese…”

Published

on

"Lionel Messi is not an Argentine, Cristiano Ronaldo is not a Portuguese..."

O Brazilian defender Marquinhos said players like Lionel Messi and Cristiano Ronaldo are a “privilege” and a “treasure” for football and football fans.

The Paris Saint-Germain centre-back spoke to reporters ahead of the Brazilian’s second World Cup game against Switzerland, scheduled for this Monday. Marquinhos, Messi’s PSG teammate, was asked about the role of these players in the king of the sport.

“I think what’s happening with these players is that Messi is not Argentine, Cristiano is not Portuguese… they move on. They are a perk for football. For people who love this sport, tournaments, competitions, they are a treasure. They don’t just belong to their countries. We all enjoy their presence watching them play. I played with Neymar, with Messi, and I benefit from their presence. Life goes on, other generations will come, but we have to make the most of it,” the centre-back explained.

Read also: Neymar showed the condition of his ankle after injury at the World Cup 2022

Always be the first to know.
Sixth year in a row Consumer Choice and Five Star Online Press Award.
Download our free app.

Apple Store Download

See also  Torres Vedras is the first Portuguese municipality to receive the Dosta award! awarded by the Council of Europe
Continue Reading

Top News

″I couldn’t get to the meeting well″

Published

on

″I couldn't get to the meeting well″

The Portuguese tennis player lost to the Japanese Yosuke Watanuki in just two sets.

Portuguese tennis player Frederico Silva said this Sunday that he didn’t manage to get “well” into the Yokkaichi Challenger final and that his rival Yosuke Watanuki “has always been at the top” to win the title “with some naturalness”.

The player from Caldas da Rainha, ranked 244th in the ATP rankings, lost to the Japanese player, ranked 173rd in the world, in just two “sets” with partial scores of 6-2 and 6-2, after an hour and 21 minute.

“Obviously, this was not the result I wanted. It was a match that I didn’t get off to a good start, my opponent started much better and throughout the match he always stayed on top with a good level and ended up not letting me balance. result. He managed to close the two parts with some naturalness,” he commented in statements to the Lusa agency.

For the second week in a row, Frederico Silva reached the final of the Candidates Tournament, the third of his career, after losing the title of the tournament in Kobe last Sunday to the same opponent, 24-year-old Yosuke Watanuki.

“It’s been a good two weeks. Obviously when you reach the final you want to win, but I have to look at these tournaments positively. I played good matches, I played well in a few matches, and now look what happened much worse and try to improve so that next season you have more opportunities to play in the finals and have a chance to win tournaments, “added the Portuguese tennis player.

See also  The husband of Michelle Caruso-Cabrera funds the anti-AOC Super PAC

Continue Reading

Trending